Loan Repayment Assistance Foundation

Organization Overview

Loan Repayment Assistance Foundation, operating under the name Ardeo Education Foundation, is located in Bloomington, IN. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ardeo Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Ardeo Education Foundation generated $1.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $986.0k during the year ending 06/2021. While expenses have increased by 7.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO RECEIVE AND ADMINISTER FUNDS TO PROMOTE AND PROVIDE LOAN REPAYMENT ASSISTANCE PROGRAMS FOR STUDENTS, TO RAISE FUNDS FOR SUCH PROGRAMS AND ASSIST OTHER CHARITABLE ORGANIZATIONS IN THE CONDUCT OF SIMILAR ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION ENABLED THE ENROLLMENT OF STUDENTS INTO LOAN REPAYMENT ASSISTANCE PROGRAMS AT THE STUDENTS' CHOICE COLLEGE.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$23,928
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$23,928
Total Program Service Revenue$987,629
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,011,557

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